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Global Autonomous Cars Market Share, Size, Growth, Strategy: By Type: Fully Autonomous, Semi-Autonomous; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Autonomous Cars Market Outlook
The global autonomous cars market attained a value of nearly USD 27.91 billion in 2021. The market is further estimated to grow in the forecast period of 2023-2028 at a CAGR of 20.3% to reach a value of USD 86.47 billion by 2027.
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Asia Pacific to Account for Significant Share in the Market Growth of Autonomous Cars
Asia Pacific holds a significant share in the autonomous cars market on account of the surging R&D activities across the region. The increased adoption of vehicles and rising investment by automakers along with technological advancements are further bolstering the market growth of autonomous cars across the region. There are a high number of road accidents due to the growing population and rising demand for better safety features in the vehicles. These factors are likely to fuel the market growth of autonomous cars is in the Asia Pacific during the forecast period.
There is also a high presence of tech companies in the Asia Pacific region like Softbank, Baidu, Alibaba, and Didi Chuxing. A strong market presence, growing marketing strategies, and surging focus to enhance the adoption of autonomous vehicles among consumers, are expected to propel the market growth. Countries like Singapore, Japan, and China have registered robust market growth in autonomous cars in the Asia Pacific. Their growth can be attributed to aspects like technology readiness, public acceptance, and regulatory matters in the automotive industry.
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Market Segmentation
An autonomous car is known as a self-driving car. Such a car can do everything that an experienced human driver does and can go anywhere a traditional car can go. It is a vehicle capable of sensing its environment and operating without human participation. A human passenger is not needed to be present in the vehicle at all, nor is needed to take control of the vehicle at any time.
The autonomous cars market, by type, is divided into:
- Fully Autonomous
- Semi-Autonomous
The EMR report looks into the regional markets of autonomous cars like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
Significant Demand from Semi-Autonomous Segment to Bolster Market Growth for Autonomous Cars
Based on type, the semi-autonomous segment is likely to register significant growth in the autonomous cars market across the globe during the forecast period. Semi-autonomous vehicles are likely to be more fuel-efficient as compared to others. They can decelerate and accelerate more efficiently than a human driver while the travel time and idling time are expected to be lessened.
The semi-autonomous segment is likely to reduce congestion and enhance highway capacity as the system safely accommodates shorter following distances, further boosting the market demand for autonomous cars globally. Moreover, semi-autonomous vehicles deliver goods and services more efficiently and quickly which is further attracting more consumers to the worldwide market of autonomous cars.
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Key Players in the Global Market for Autonomous Cars
The report presents a detailed analysis of the following key players in the global autonomous cars market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Tesla, Inc.
- Toyota Motor Corporation
- Audi AG
- Mercedes-Benz AG
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Autonomous Cars Market Analysis
8.1 Key Industry Highlights
8.2 Global Autonomous Cars Historical Market (2018-2022)
8.3 Global Autonomous Cars Market Forecast (2023-2028)
8.4 Global Autonomous Cars Market by Type
8.4.1 Fully Autonomous
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Semi-Autonomous
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Autonomous Cars Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Autonomous Cars Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Autonomous Cars Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Autonomous Cars Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
15.2 Japan
15.2.1 Historical Trend (2018-2022)
15.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Autonomous Cars Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Autonomous Cars Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Tesla, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Toyota Motor Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Audi AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mercedes-Benz AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Autonomous Cars Market: Key Industry Highlights, 2018 and 2028
2. Global Autonomous Cars Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Autonomous Cars Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Autonomous Cars Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Autonomous Cars Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Autonomous Cars Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Autonomous Cars Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Autonomous Cars Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Autonomous Cars Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Autonomous Cars Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Autonomous Cars Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Autonomous Cars Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Autonomous Cars Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Autonomous Cars Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Autonomous Cars Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Autonomous Cars Market Structure.
Key Questions Answered in the Report
In 2021, the market size at a global level attained a value of nearly USD 27.91 billion.
The market is assessed to grow at a CAGR of 20.3% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach a value of almost USD 86.47 billion by 2027.
The major market drivers are increasing importance of safety, growing urbanisation, and a decline in traffic congestion.
The key market trends include technological advancements along with rapid adoption of the Internet of Things (IoT), and growing investments in digital infrastructure.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various types of autonomous cars in the market currently are fully autonomous and semi-autonomous types.
The major players in the market are Tesla, Inc., Toyota Motor Corporation, Audi AG, and Mercedes-Benz AG, among others.
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